Fair Housing
In Tennessee, a mortgage lender who charges higher interest rates to qualified minority borrowers compared to equally qualified non-minority borrowers is engaging in:
ARisk-based pricing
BReverse redlining (predatory lending)✓ Correct
CLegal market differentiation
DConventional underwriting
Explanation
Charging higher rates to minority borrowers based on race rather than creditworthiness is reverse redlining or predatory lending — a violation of the Fair Housing Act and Equal Credit Opportunity Act.
Related Tennessee Fair Housing Questions
- In Tennessee, 'affirmative marketing' in housing programs is designed to:
- A landlord who advertises a rental as 'perfect for empty nesters' or 'no children please' is violating the Fair Housing Act's protection for:
- Which statement is TRUE regarding the advertising of real property under Fair Housing laws?
- An 'affirmative fair housing marketing plan' is required for:
- Under the Fair Housing Act, a real estate professional who uses a zip code or neighborhood map for targeted direct mail to only white neighborhoods is:
- In Tennessee, 'source of income' discrimination would mean refusing to rent to someone because they:
- Housing for older persons (55+ communities) is exempt from the Fair Housing Act's familial status protection if:
- Redlining is a discriminatory practice in which lenders:
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